Bid & Tender
Azure Power Raises USD 470 Million for Solar Projects

Date : Nov 09, 2016

Azure Power, one of the leading independent solar power producers in the country, has tied up approximately USD 470 million for its projects to be commissioned in 2017.

 

With this tie-up, Azure Power’s cumulative financial commitment to the solar sector in India has crossed over USD 1 billion.

 

Azure Power recently raised approximately USD 161 million as part of its pre-IPO (Initial Public Offering) and concurrent private placement recently.

 

Further, the company tied up approximately USD 309 million for the project finance of its 450+ MW large scale utility, as well as commercial & industrial solar power projects in the states of Karnataka, Punjab, Andhra Pradesh, Uttar Pradesh, and Delhi.